DCIT 2(3)(1), MUMBAI vs. VISION IT EDUCATION INDIA P.LTD, MUMBAI

The captioned appeal filed by the revenue pertaining to assessment year 2012-13 is directed against the order passed by the CIT(A)-6, Mumbai, dated 30.10.2015, which in itself arises from the P a g e | DCIT Vs. M/s. Vision IT Education order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961 (in short ‘the Act’), dated 14.11.2014.

That at the very outset of the hearing of the appeal it was submitted by the ld. Authorized Representative (for short ‘A.R.’) that ‘tax effect’ involved in this appeal is less than Rs.10.00 lacs. The ld. A.R placed on record the calculation of the tax effect involved in the present appeal, which as per him was worked out at Rs.9,34,388/-. Per contra, the ld. Departmental representative (for short ‘D.R’) could rebut the aforesaid contention of the ld. A.R.

The CBDT vide its Circular No. 21.2015, dated 10.12.2015 has revised the monetary limits for filing of appeals by the Department before the Tribunal, retrospectively. Since the tax effect in dispute in the captioned appeal is stated to be below the monetary limit of Rs.10.00 lac specified in the CBDT Circular, dated 10.12.2015 (supra), the same is dismissed as not maintainable.